Purchase Course

Accounting for Income Taxes   

16

Estimated CPE
Tuition
$1,895.00
Course Number
18-IL-245-EE
Course Leader
Dan Gode
Hotel / Venue Details
View Details
16

Estimated CPE
Tuition
$1,895.00
Course Number
18-IL-245-EE
Course Leader
Dan Gode
Hotel / Venue Details
View Details

Course Details

This two-day seminar will help you understand and apply income tax accounting per ASC 740 including the effect of the 2017 tax reform.

The first day introduces the conceptual foundation of ASC 740 by explaining how to reconcile permanent and temporary differences between four sets of flows: cash flows, GAAP income, taxable income, and more likely than not taxable income. It also covers tax loss carry forwards, tax credit carry forwards, other comprehensive income, and tax disclosures. The second day moves to more advanced concepts, such as valuation allowances, unrecognized tax benefits, interim tax allocations, business combinations, and stock compensation. We endeavor to go beyond merely describing the technical requirements; we explain the rationale and the consequences of these standards as well by using easy-to-follow examples with detailed journal entries.

Our Advanced Accounting for Income Taxes seminar builds upon this seminar and assumes that you have mastered the topics in this seminar. Read the descriptions for both seminars to choose which one (or both) is best for you. Many participants take both seminars.

Course Agenda

  • Permanent vs. taxable and deductible temporary differences between book flows and tax flows and how they affect the effective tax rate
  • The difference between taxes payable (refundable), unrecognized tax benefit liabilities, and deferred tax liabilities (assets)
  • Taxes and other comprehensive income
  • Tax credit carry forwards and tax loss carry forwards
  • Valuation allowance for deferred taxes
  • Unrecognized tax benefit liabilities
  • Interim period taxes for quarterly reporting
  • Deferred taxes for business combinations and share-based compensation

Course Leader
Dan Gode, Co-founder, Almaris Consulting and Training 

Keywords: ASC 740, FAS 109, FIN 48, Deferred Taxes, Permanent and Temporary Differences, Tax Disclosures, Other Comprehensive Income, Tax Credit Carryforwards, Loss Carryforwards, Valuation Allowance, Unrecognized Tax Benefits, Share-based Compensation, Business Combinations, Interim Period Taxes, Accounting

Other Details

Special Notice/Instruction: NASBA Delivery Method: Group Live
Prerequisite: Knowledge of Basic Accounting
Preparation: None
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Seminar
New York, New York
12/3 - 12/4/2019
San Francisco, California
12/17 - 12/18/2019
This two-day seminar will help you understand and apply income tax accounting per ASC 740 including the effect of the 2017 tax reform.

The first day introduces the conceptual foundation of ASC 740 by explaining how to reconcile permanent and temporary differences between four sets of flows: cash flows, GAAP income, taxable income, and more likely than not taxable income. It also covers tax loss carry forwards, tax credit carry forwards, other comprehensive income, and tax disclosures. The second day moves to more advanced concepts, such as valuation allowances, unrecognized tax benefits, interim tax allocations, business combinations, and stock compensation. We endeavor to go beyond merely describing the technical requirements; we explain the rationale and the consequences of these standards as well by using easy-to-follow examples with detailed journal entries.

Our Advanced Accounting for Income Taxes seminar builds upon this seminar and assumes that you have mastered the topics in this seminar. Read the descriptions for both seminars to choose which one (or both) is best for you. Many participants take both seminars.

Course Agenda

  • Permanent vs. taxable and deductible temporary differences between book flows and tax flows and how they affect the effective tax rate
  • The difference between taxes payable (refundable), unrecognized tax benefit liabilities, and deferred tax liabilities (assets)
  • Taxes and other comprehensive income
  • Tax credit carry forwards and tax loss carry forwards
  • Valuation allowance for deferred taxes
  • Unrecognized tax benefit liabilities
  • Interim period taxes for quarterly reporting
  • Deferred taxes for business combinations and share-based compensation

Course Leader
Dan Gode, Co-founder, Almaris Consulting and Training 

Keywords: ASC 740, FAS 109, FIN 48, Deferred Taxes, Permanent and Temporary Differences, Tax Disclosures, Other Comprehensive Income, Tax Credit Carryforwards, Loss Carryforwards, Valuation Allowance, Unrecognized Tax Benefits, Share-based Compensation, Business Combinations, Interim Period Taxes, Accounting

Special Notice/Instruction: NASBA Delivery Method: Group Live
Prerequisite: Knowledge of Basic Accounting
Preparation: None
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Seminar

Seminar Brochure

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Locations / Dates


New York, New York
12/3 - 12/4/2019
San Francisco, California
12/17 - 12/18/2019


Seminar Brochure

Click to view, download, print